For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Tasgaon, Maharashtra branch in Sangli, Tasgaon, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Sangli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0000640. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Tasgaon, Maharashtra, Sangli
Here are some of the key details that come with the IFSC Code UTIB0000640 of Axis Bank for its branch located in Sangli, within the district of Tasgaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000640 |
| Branch | Tasgaon, Maharashtra |
| City | Sangli |
| District | Tasgaon |
| State | Maharashtra |
| Address | Kailash Subhash Potdar, Near Ganpati Mandir, Opp Ajantha Stores, Guruwar Peth, Tasgaon 416312 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Sangli for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000640 for the Tasgaon, Maharashtra branch of Axis Bank has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in Tasgaon, Maharashtra, Sangli, Maharashtra, are allotted a unique IFSC like UTIB0000640 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sangli.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Sangli and Tasgaon.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Axis Bank in Tasgaon, Maharashtra reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code UTIB0000640
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Axis Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Tasgaon, Maharashtra in Sangli.
For example, the IFSC Code UTIB0000640 of Axis Bank for the Tasgaon, Maharashtra branch includes these elements, identifying the bank and the branch location in Sangli and Maharashtra accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0000640 of Axis Bank for its Tasgaon, Maharashtra branch located in Sangli, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Sangli and Tasgaon, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for Tasgaon, Maharashtra or Sangli to find the exact IFSC Code UTIB0000640.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Axis Bank and Sangli will provide accurate information.
How to Use IFSC Code UTIB0000640 for Online Transfers?
Once you have the IFSC Code UTIB0000640 for the Tasgaon, Maharashtra branch of Axis Bank in Sangli, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0000640. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Axis Bank IFSC Code UTIB0000640.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Tasgaon, Maharashtra in Sangli, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Tasgaon, Maharashtra, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Axis Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Sangli manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0000640.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Kailash Subhash Potdar, Near Ganpati Mandir, Opp Ajantha Stores, Guruwar Peth, Tasgaon 416312 located in Sangli, Tasgaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.